Annual report pursuant to Section 13 and 15(d)

Leases (Tables)

v3.19.3.a.u2
Leases (Tables)
12 Months Ended
Dec. 31, 2019
Leases [Abstract]  
Schedule of Supplemental Balance Sheet Information Related to Leases [Table Text Block]
The following table summarizes supplemental balance sheet information related to leases as of December 31, 2019:
ROU assets - operating leases
 
$
2,740

Current operating lease obligations
 
$
847

Noncurrent operating lease obligations
 
2,232

Total operating lease obligations
 
$
3,079

Weighted-average remaining lease term
 
 
Operating leases
 
4.1 Years

Weighted-average discount rate
 
 
Operating leases
 
5.97
%
Maturities of operating lease obligations for the years ending December 31,
 
 
2020
 
$
847

2021
 
830

2022
 
834

2023
 
833

2024
 
139

Total undiscounted lease payments
 
3,483

Less: imputed interest
 
(404
)
Total operating lease obligations
 
$
3,079


Schedule of Supplemental Cash Flow Information Related to Leases [Table Text Block]
The following table summarizes supplemental cash flow information, as determined in accordance with ASC Topic 842, related to leases for the twelve months ended December 31, 2019:
Cash paid for amounts included in the measurement of lease liabilities:
 
 
Operating cash flows from operating leases
 
$
659

ROU assets obtained in exchange for lease obligations:
 
 
Operating leases 1
 
$
3,325

___________________
1    Includes $2.5 million recognized upon adoption of ASC Topic 842 and $0.8 million obtained during the twelve months ended December 31, 2019.
Lease, Cost [Table Text Block]
The following table summarizes the components of our total lease cost, as determined in accordance with ASC Topic 842, for the twelve months ended December 31, 2019:
Operating lease cost
 
$
773

Short-term lease cost
 
36,202

Variable lease cost
 
23,762

Less: Amounts charged as drilling costs 1
 
(33,354
)
Total lease cost recognized in the Condensed Consolidated Statement of Operations 2
 
$
27,383

___________________
1 
Represents the combined gross amounts paid and (i) capitalized as drilling costs for our working interest share and (ii) billed to joint interest partners for their working interest share for short-term leases of operated drilling rigs.
2 
Includes $12.1 million recognized in Gathering, processing and transportation, $14.5 million recognized in Lease operating and $0.8 million recognized in G&A for the twelve months ended December 31, 2019.